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Topic: Contest to name the 0.0001 BTC unit (0.1 BTC prize!) - page 5. (Read 8624 times)

newbie
Activity: 56
Merit: 0
1) Unibit
2) LowDen < Acronym of: Lowest Denominator>
3) 1150(1/(1 and 5 zeros, lol idk about this one))
4) Standbit

hero member
Activity: 518
Merit: 502
This is imho completely bonkers.

1) It gives us more time before making another change than mBTC would

What do you mean by this? I don't even understand your sentence.

2) It removes the possibility of using common decimal prefixes (milli- and micro-) which, as bad as it may sound, would face resistance in the U.S.

Yes, why not use "cookiejars" for every .0023 of bitcoins? The metric system MAKES A LOT OF SENSE and everybody uses it for a reason. The US has to suck it up at some point.

Maybe we can rename bitcoin to sickles, with 23 knuts in a sickle? Then at least Harry Potter would be happy. Wink

3) It's compatible with a minimum transaction fee of 0.0001 BTC

Which is most likely to change at some point, see the various discussions on the dev list (cf floating fees)

4) New users would likely be happier with it than mBTC, as they'd get "more" for their money with a smaller denomination (ah, human psychology)

Following this argument we should go straight for satoshis.

5) The values wouldn't be as large as with uBTC
6) It leaves us with a very manageable 4 decimal places

Both true, but I don't see the advantage over mBTC which has similar properties.

7) It reduces the transition to satoshis down to two equally-spaced steps, leaving only one familiar future change

That's about the only positive point to say of your proposal...
sr. member
Activity: 437
Merit: 255
After reading all the suggestions it will maybe the best to stay in the already started scheme:

    0.00100000 BTC = 1 mBTC
    0.00010000 BTC = 1            
    0.00000100 BTC = 1 µBTC
    0.00000001 BTC = 1 Satoshi  (three letter notation STI or SAT or STS ?? )

If there shall be another specialized unit name for 0.0001 my preferences would be:

Greek:   1 Myriade = 10000

    0.00010000 BTC = 1 Myriasatoshi Coin = 1 MSC

Alternatively: 

    1 Myriasatoshi = 1 MSI


My BTC address:      1METhkrvz2r9d3zkFPQrHnpFC1BjCs64Zf

tbc
full member
Activity: 196
Merit: 100
barterbit bBTC
 Smiley
full member
Activity: 212
Merit: 102
SI for 0.0001 BTC:
1 dmBTC (deciMilliBitcoin = a 10th of a mBTC or 0.1 mBTC)
1 hµBTC (hectoMicroBitcoin = 100 µBTC)

Fraction, a part of a unit:
1 fBTC (fractBitcoin or fractBTC)
1 Fract

Programming:
1 tBTC (tinyBitcoin or tinyBTC)
1 tmBTC (tinyMilliBitcoin or tinymBTC)
hero member
Activity: 533
Merit: 501
If 0.001 is millibits would 0.0001 be ten millibit-cents (0.1 mBTC) or "point 1 millibits".

0.0001 = 10000 Satoshis, so we could just skip right to the chase and say ten-thousand satoshi. I think there has been quite a few currencies in the world that worked with such large numbers for buying things like a cup of coffee.

100,000,000 Satoshis is one bitcoin, so even if bitcoin drops back to dollar parity, we will still be able to talk about them as 100 million satoshis.

Really, this whole decimal point thing is a pain in the arse, and is totally unnecessary. Bitcoins are stored as ints anyway, and the decimal point 8 digits in was just a convenient display thing early on when bitcoins weren't worth much.


What about

00.00000001 = 1 satoshi (1 s or 1 sat)
00.00001000 = 1 thousandkilo-satoshi (1 ks or 1 ksat)
00.01000000 = 1 millionmega-satoshi (1 Ms or Msat)
member
Activity: 132
Merit: 10
1 Dot
1 Octat
1 At (@)
full member
Activity: 126
Merit: 100
How about 1 stamp? (As in, "blow stamps" Wink)
full member
Activity: 164
Merit: 100
1 Myriati (derived myself from the Greek term μυριάς - myrias, "Myriad" in English, is the number 10000)
newbie
Activity: 12
Merit: 0
Naka

Nakabit sounds good

Motobit?  not so much
sr. member
Activity: 323
Merit: 250
The lion roars!
newbie
Activity: 42
Merit: 0
A variant of my other submission (https://bitcointalksearch.org/topic/m.4283129)

Freedomcoin
legendary
Activity: 3248
Merit: 2814
1 cheap

1 beetle

1 beatle
member
Activity: 94
Merit: 10
B*TChcoin
Qim
newbie
Activity: 22
Merit: 0
sr. member
Activity: 316
Merit: 287
Naka (from Nakamoto)
Nakabit
magnabit (from latin magna=big)
hero member
Activity: 518
Merit: 500
Here's an idea:

0.0001 BTC

Guess I won't win with that, but I do believe its the most sensible naming convention
legendary
Activity: 3752
Merit: 1217
BTC 0.0001 = Gox

We need a easy, simple and short name. And Gox suits it. Also, we need to remember that Mt Gox was the first major BTC exchange.
newbie
Activity: 26
Merit: 0
Since we have a crypto currency i think the most obvious would be:

One Crypto


I also like:

Bits

The Finney

The littlebit (lBTC)
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
Actually I just noticed an interesting one on the five year anniversary of the Genesis Block ^^
https://en.bitcoin.it/wiki/Tonal_Bitcoin

I nominate
Bitcoin-bong as my third Choice

Because I think a Bong sounds like a great unit of measurement XD
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